MANILA, Philippines - Gasoline, diesel prices are expected to increase for the third consecutive week, mostly due to the escalation of attacks between Russia and Ukraine, local oil industry sources said on Friday.
Gasoline, diesel prices to increase by P1 next week
They said that gasoline prices would go up by P1 to P1.20 per liter and diesel by P1.30 to P1.50 per liter.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Market reactions to recent global oil-related developments, specifically the damage to Russian oil processing facilities by Ukrainian attacks, US imposition of new sanctions on Iran’s oil revenue stream and Saudi Aramco and the halt to exports to India’s refinery by Iraq’s state oil marketer SOMO were cited as the reasons for the new round of increases.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively., This news data comes from:http://ycyzqzxyh.com
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- NHA gives cash aid to families affected by calamity in Manila
- Islamic State claims deadly attack on Pakistan rally
- CFO moves office from QC to Pasay
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Trump says he'll keep extending TikTok shutdown deadline
- Lacson: House can't return proposed 2026 budget to Palace
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- LPA may still develop into short-lived tropical cyclone
